Assembly Actions -
Senate Actions - UPPERCASE
|May 13, 2014
reported and committed to finance
|Apr 11, 2014
referred to energy and telecommunications
Senate Bill S7006
2013-2014 Legislative Session
Archive: Last Bill Status - In Senate Committee Finance Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2013-S7006 (ACTIVE) - Details
2013-S7006 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7006 TITLE OF BILL: An act to amend the tax law, in relation to exemptions from sales and use taxes Purpose: To exempt the retail sale of electricity from solar electric generating equipment from sales and use tax Summary of Provisions: Section 1. Exempts the retail sale of electricity from solar electric generating equipment qualified to net meter from sales and compensating use taxes. Section 2. Sets forth the effective Date Justification: In 2012 the legislature acted to exempt solar electric generating equipment from sales d compensating use taxes. As a result of that policy change, along with the solar leasing ax credit and the NYSUN initiative, New York now has a growing solar energy market. One of he key components has been the ability of an installer to put up a solar array, pay the up-front costs and then get paid back on those costs
2013-S7006 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7006 I N S E N A T E April 11, 2014 ___________ Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the tax law, in relation to exemptions from sales and use taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1115 of the tax law is amended by adding a new subdivision (jj) to read as follows: (JJ) RECEIPTS FROM THE RETAIL SALE OF ELECTRICITY FROM SOLAR ELECTRIC GENERATING EQUIPMENT QUALIFIED TO NET METER PURSUANT TO SECTION SIXTY-SIX-J OF THE PUBLIC SERVICE LAW SHALL BE EXEMPT FROM TAX UNDER THIS ARTICLE. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14705-02-4
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